13-Sept-2012
-
Central Provident Funds Commissioner, RC Mishra in a seminar discussed that labour laws enacted half a century ago pertaining to Employment Provident Fund and MP Act need to be revised and amended as they were formed in the backdrop of mistrust between the employer and employee.
Central Provident Funds Commissioner, RC Mishra in a seminar discussed that labour laws enacted half a century ago pertaining to Employment Provident Fund and MP Act need to be revised and amended as they were formed in the backdrop of mistrust between the employer and employee. According to him, the current scenario is different where employee and employer are both a part of the production process. He said he has appointed a committee of senior EPFO officials to look into the difficulties and engage in a dialogue with stakeholders to arrive at suggestions for amendments. Mishra also revealed that they are working towards reducing paper work by creating a central database and issuing PAN cards on priority basis. BK Panda Additional Central Provident Fund Commissioner New Delhi informed of the benefits accrued from computerisation that has led to the resolution of 86 % of cases of settlement and 80 % of cases of transfers. In the same seminar, Ravi Wig, Past President and Chairman, Industrial Relations Committee, PHD Chamber has stressed upon the difficulties due to lack of a sturdy system that accounts for the mobility of casual labour, due to which retrieving PF becomes difficult for labourers. He suggested that allotment of PAN that can be accessible from anywhere would resolve this issue.
Source:www.financialexpress.com, September 12, 2012. “Labour laws need comprehensive amendments: EPFO”